FXTM review: key facts

This FXTM review covers regulation, spreads, account types and the 30% first-time deposit bonus, so you can judge the broker before you trade.

• Broker: FXTM (ForexTime), founded in 2011
• Regulation listed: FSC, FCA, CySEC and FSCA
• Company and country: Exinity Limited, Mauritius
• Promotion: 30% first-time deposit bonus
• Minimum deposit: 200
• Leverage listed: 1:500
• Spreads from: 0.0 pips
• Base currencies: USD, EUR, GBP
• Platforms: MetaTrader 4 and MetaTrader 5

Risk warning: trading forex and CFDs is risky and you can lose your money. Bonuses come with conditions, so read the terms first.

FXTM, also known as ForexTime, is an online forex broker founded in 2011. The headquarters is listed as Exinity Limited, 5th Floor, 355 NEX Tower, Rue du Savoir, Cybercity, Ebene 72201, Mauritius.

The broker offers forex trading to retail clients. It also offers several account types for different budgets and trading styles.

FXTM is listed as regulated by the FSC, FCA, CySEC and FSCA. Regulation is one of the first things to check with any broker.

Your protection depends on which FXTM entity holds your account. This usually depends on where you live. Rules on leverage, bonuses and client protection can differ between regulators.

Before you register, check the broker's website for the entity that will serve you. Then confirm its licence on the regulator's own public register.

FXTM supports MetaTrader 4 and MetaTrader 5. You can use them in these ways:

• MT4 and MT5 for PC
• MT4 Web Trader
• MT4 Multi Terminal
• MT4 and MT5 for Android and iPhone
• MT4 and MT5 for iPad

Web trading and mobile trading are both available. The broker allows hedging, scalping and news trading. That suits many active traders.

Spreads and leverage

The minimum spread is listed as 0.0 pips. This is a starting point, not a fixed price. Real spreads change with the account type, the pair and market conditions. Some accounts may also charge commission.

Leverage of 1:500 is listed. High leverage increases both profit and loss. It can empty an account quickly. Your local regulator may also cap the leverage available to you.

FXTM offers a range of account options:

• Mini accounts: suited to smaller budgets
• VIP accounts: aimed at larger traders
• Islamic (swap-free) accounts: no swap fees, for traders who need them for religious reasons
• Managed accounts: for people who want others to manage their trades

Account base currencies are USD, EUR and GBP. Choose the currency that matches your deposit to avoid conversion costs.

The minimum deposit is listed as 200. Check which account it applies to. Also check the currency and any limits that apply in your country.

FXTM lists many funding methods:

• Bank wire
• Debit or credit card
• Skrill and Neteller
• OKPay and Payza
• Western Union Quick Pay
• FasaPay
• China Union Pay, and more

Available methods differ by country. Some of these providers may no longer operate, so check what is offered in your client area.

Check the fees, processing times and withdrawal rules before you deposit. If you accept a bonus, read how it affects your ability to withdraw.

The main promotion is a 30% first-time deposit bonus. A bonus gives you extra trading funds. It usually comes with trading conditions. Read the terms for the exact rules on volume, time limits and withdrawals.

You can also compare other offers on our site:

• See all offers in our Forex No Deposit Bonus guide.
• Compare other brokers in our FOREX DEPOSIT BONUS list.
• Return to our Home Page for more broker reviews.

Pros

• Several regulators are listed
• MT4 and MT5 on desktop, web and mobile
• Scalping, hedging and news trading are allowed
• Islamic, mini, VIP and managed accounts
• Many funding methods

Points to check

• Which regulated entity serves your country
• Real spreads and commissions on your chosen account
• Bonus terms and withdrawal conditions
• Which payment methods are active for you

FXTM lists several regulators, two popular platforms and a wide choice of account types. That gives traders room to pick a setup that fits their budget and style.

Still, the headline numbers are only a guide. Spreads, leverage, bonus access and protection can all change with your country and your account entity. Check these details on the broker's website before you deposit.

Quick checklist before you open an account

1. Find out which FXTM entity will hold your account.
2. Confirm that entity's licence on the regulator's register.
3. Compare spreads and commissions on the account you plan to use.
4. Read the full bonus terms if you want the 30% offer.
5. Check that your preferred payment method is active.

It helps to compare before you choose. You may also like these pages:

• ATFX Broker Review
• JustMarkets $30 No Deposit Bonus Review Good Offer
• Get the facts in our Grand Capital Forex Broker Review

You can email support@fxtm.com or call +44 20 3734 1025. No fax number is listed.

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